Wilton's Market just announced its next annual dividend will be $1.50 a share with future dividends increasing by 1.8 percent annually.How much will one share of this stock be worth five years from now if the required return is 15.5 percent?
A) $11.76
B) $11.97
C) $14.14
D) $12.19
E) $13.79
Correct Answer:
Verified
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